Lamosaic India Limited, established in January 2020, is a growing entity in the trade and manufacturing of construction and interior decor materials. The company initially focused on trading a variety of products, including flush doors, decorative laminates, acrylic sheets, base printing paper, and plywood, under its brand name, Lamosaic. In September 2023, it expanded into manufacturing by setting up a workshop in Chembur, Mumbai, enabling it to meet rising demand and provide customizations for its diverse clientele.
Core Products and Services
- Product Range: Lamosaic’s offerings include:
- Flush Doors
- Decorative Laminates
- Acrylic Sheets
- Printing Paper (Base)
- Plywood
- Customization: Lamosaic provides tailored solutions for laminates and acrylic sheets and produces decorative flush doors per customer specifications.
- Distribution and Franchise: Operating primarily in Maharashtra, the company distributes products directly and through a franchise in Mumbai, leveraging a strong network of dealers, distributors, stockists, and wholesalers.
Competitive Strengths
- Extensive Network: Lamosaic has an established network of over 60 suppliers, bolstering its manufacturing and trading operations.
- Experienced Management and In-House Design: The team redesigns products to meet the specific demands of the Indian market, enhancing product appeal with assistance from in-house designers.
- Sales and Manufacturing Capacity: The company’s Chembur unit, capable of producing up to 3,500 pieces, has generated sales of INR 43.12 lakhs from 750 flush doors.
Financial Performance
Lamosaic India has shown robust growth, with a revenue increase of 55% in FY 2024. Notably, the company’s Return on Net Worth (RONW) reached 53.94%, and Return on Capital Employed (ROCE) was 42.25% in the fiscal year, reflecting strong financial performance.
Upcoming IPO
To support its expansion, Lamosaic India Limited is planning an IPO in November 2024 to raise funds for 3,060,000 shares. The company aims to use the capital to strengthen its market position, increase manufacturing capabilities, and expand its product range.
With its focus on high-quality, customizable products and strong market relationships, Lamosaic India Limited continues to position itself as a significant player in the Indian construction and interior decor industry.